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UK economy at risk from high property prices, EU referendum: IMF

Lender says Chancellor Osborne should use flexibility in fiscal framework in extended period of sluggish demand

Noting that household leverage remains high by historical standards, IMF says that BOE financial stability officials may need to take further action to curb risky borrowing if the reduction in high loan-to-income mortgages stalls.


BRITAIN'S "strong economic performance" is at risk from high property prices and the looming referendum on whether to leave the European Union, the International Monetary Fund has warned.

In its annual health check published on Wednesday, the IMF said a "relatively positive...

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